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Regulatory Commissions in India are independent statutory bodies established to regulate specific sectors of the economy and public services. Their emergence is closely associated with economic liberalization, privatization, and globalization initiated in 1991, which necessitated impartial institutions to oversee competitive markets, protect consumer interests, and ensure transparency in governance. They function at arm's length from the executive while remaining accountable to Parliament and the judiciary. The primary objectives of Regulatory Commissions are to establish fair competition, prevent monopolistic practices, protect consumer rights, ensure quality standards, promote efficiency, ______ ______ ________ _______ _______ ____ ______ _______ ________.
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